IndexBox has just published a new report: ‘EU – Homogenized Composite Food Preparations – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the homogenized food preparations market in the European Union amounted to $2B in 2018, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.0% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The level of homogenized food preparations consumption peaked at $2.2B in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Consumption By Country in the EU

The countries with the highest volumes of homogenized food preparations consumption in 2018 were Germany (92K tonnes), the UK (86K tonnes) and France (78K tonnes), together accounting for 50% of total consumption. These countries were followed by Spain, Italy, the Czech Republic, Romania, Sweden, Portugal, Belgium, Greece and Poland, which together accounted for a further 37%.

From 2007 to 2018, the most notable rate of growth in terms of homogenized food preparations consumption, amongst the main consuming countries, was attained by Portugal, while homogenized food preparations consumption for the other leaders experienced more modest paces of growth.

In value terms, Germany ($357M), France ($352M) and the UK ($307M) were the countries with the highest levels of market value in 2018, with a combined 50% share of the total market. Spain, Italy, Sweden, Belgium, Romania, Greece, Portugal, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 40%.

The countries with the highest levels of homogenized food preparations per capita consumption in 2018 were Sweden (1,583 kg per 1000 persons), the Czech Republic (1,578 kg per 1000 persons) and Portugal (1,513 kg per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for homogenized food preparations in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.6% for the period from 2018 to 2030, which is projected to bring the market volume to 546K tonnes by the end of 2030.

Production in the EU

In 2018, approx. 541K tonnes of homogenized composite food preparations were produced in the European Union; jumping by 1.6% against the previous year. Overall, homogenized food preparations production continues to indicate a relatively flat trend pattern. Over the period under review, homogenized food preparations production reached its peak figure volume in 2018 and is likely to see steady growth in the near future.

Production By Country in the EU

The countries with the highest volumes of homogenized food preparations production in 2018 were France (91K tonnes), Germany (90K tonnes) and the UK (79K tonnes), with a combined 48% share of total production. Spain, Italy, Poland, Belgium, the Czech Republic, Romania, Greece, Portugal and Sweden lagged somewhat behind, together accounting for a further 41%.

From 2007 to 2018, the most notable rate of growth in terms of homogenized food preparations production, amongst the main producing countries, was attained by Portugal, while homogenized food preparations production for the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, the exports of homogenized composite food preparations in the European Union amounted to 127K tonnes, growing by 15% against the previous year. The total export volume increased at an average annual rate of +1.7% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. In value terms, homogenized food preparations exports amounted to $453M (IndexBox estimates) in 2018.

Exports by Country

The countries with the highest levels of homogenized food preparations exports in 2018 were Poland (19K tonnes), France (18K tonnes), Spain (13K tonnes), Germany (12K tonnes), the UK (12K tonnes), Italy (9.4K tonnes), Belgium (8K tonnes), the Netherlands (7.6K tonnes), Hungary (7.5K tonnes), the Czech Republic (5.7K tonnes) and Slovakia (5.4K tonnes), together resulting at 92% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Slovakia, while exports for the other leaders experienced more modest paces of growth.

In value terms, France ($69M), Poland ($61M) and Germany ($54M) appeared to be the countries with the highest levels of exports in 2018, with a combined 41% share of total exports. The UK, Spain, the Netherlands, Belgium, Italy, Slovakia, Hungary and the Czech Republic lagged somewhat behind, together accounting for a further 52%.

Export Prices by Country

In 2018, the homogenized food preparations export price in the European Union amounted to $3,555 per tonne, leveling off at the previous year. Over the period under review, the export prices for homogenized composite food preparations reached their peak figure at $3,955 per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($4,487 per tonne), while Hungary ($2,717 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, homogenized food preparations imports in the European Union stood at 92K tonnes, picking up by 7.1% against the previous year. Over the period under review, homogenized food preparations imports, however, continue to indicate a mild contraction. In value terms, homogenized food preparations imports amounted to $329M (IndexBox estimates) in 2018.

Imports by Country

The imports of the twelve major importers of homogenized composite food preparations, namely the UK, Germany, Italy, the Netherlands, Austria, France, Sweden, Ireland, Portugal, the Czech Republic, Belgium and Spain, represented more than two-thirds of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest homogenized food preparations importing markets in the European Union were the UK ($65M), Italy ($45M) and Germany ($42M), with a combined 46% share of total imports. The Netherlands, Austria, France, Sweden, Belgium, Ireland, Spain, the Czech Republic and Portugal lagged somewhat behind, together comprising a further 41%.

Import Prices by Country

In 2018, the homogenized food preparations import price in the European Union amounted to $3,552 per tonne, jumping by 4.5% against the previous year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($4,605 per tonne), while Germany ($3,068 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform